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1. Describe the industry and explain the general pattern of change of the particular market model.
2. Hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."
3. Analyze at least three (3) possible areas for the industry that could lead to transaction costs, and explain each in detail.
4. Speculate about the behavior that could result from these transactions and propose at least two (2) strategies for dealing with them.
5. Collect costs, revenue data, or other data from the industry that you deem relevant. Explain how you would modify the data in order to make it relevant to decisions a manager must make.
6. Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is evolving.
7. Use at least three (3) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.
Hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a market economy. and analyze at least three (3) possible areas for the industry that could lead to transaction costs, and explain each in detail.
Airphone, Corporation Produces cellular telephones at a processing cost of $47 each unit. The firm manufactures an average of 250 phones per week and has a yield of 87 percent good-quality phones
Indifference theory can explain all rational choices and behavior and try the theoryout on this situation. Suppose the only consideration for couples to have a bby or not was money. If a baby costs $8,000 a year.
Determine what are the impacts of innovation and technology on the cost of production and explain how does technology affect market structure and real world competition?
Apply the substitution and income effects to the purchase of meat given the lower price. How is this related to the law of demand? Hint: use chicken as a substitute good in your discussion.
Which market structure is best suited for the pharmaceutical industry (perfect competition, monopolistic competition, monopoly and oligopoly)
Ongoing United States struggles in Iraq and Afghanistan, political unrest in South America, and civil wars in Africa have driven crude oil values up for the last many years.
Consider some of products which are widely advertised on television. By what type of firm is each produced the perfectly competitive firm, an oligopolistic firm, or another kind of firm? How many major products can you think of that are not advert..
During middle years of this decade, the exchange rate of the United States dollar has declined against the currencies of its major trading partners.
what advice would you give as the economic analysis team and Your client states that it is worth $4,000 annually to be his own boss and not be a butcher any more. Would that change your advice? How and why?
Explain why are prices usually higher for goods or services in London as opposed to Newcastle, or New York as opposed to San Fran?
What level of output will these firms produce in the short run and are these firms operating under perfect or imperfect competition?
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